X @Wu Blockchain

Tom Lee said Strategy (MSTR) has become the crypto market’s key hedge, with its 43% drop driven by institutions using it as a “pressure valve” for Bitcoin. He said Strategy holds 650,000 BTC and offers far greater liquidity than BTC/ETH derivatives, pushing traders to short MSTR as on-chain hedging dries up amid weak liquidity and damaged market makers.https://t.co/0dbhrOjVGW ...